Competing aggressively with its more established rival Betfair, the UK betting exchange WBX has reached betting turnover of GBP58 million in only six months, according to a company announcement this week.

A spokesman said that in the week to May 21, the company saw a turnover of GBP 7.46 million, in a new record week for the company, and credited its series of zero percent commission promotions for the rising level of turnover. The standard commission at WBX is 3 percent on football matches, intended to undercut its rival's higher rate.